HMRC Can Now Collect £17K of Tax Debts Directly From Pay Packets

Courtesy of a measure announced in the 2013 Budget, and enacted via secondary legislation, HMRC will as from this week be able to collect up to £17,000 a year of tax debts directly from high earners’ pay packets (the current limit is £3,000).

Tim Stovold, a partner of Kingston Smith, is quoted by the FT:

“This change has had much less focus than the harshly criticised rules for the direct recovery of debts from bank accounts. If HMRC is denied that ability they are more likely to use these new powers to collect the money from salaries instead.”

Apparently, according to HMRC:

“Taxpayers welcome the option to have tax debt collected by instalment. This is a very longstanding feature of the payroll system but the increase in the current threshold will allow more tax debts to be paid in this way.”

Let's see how this goes then!

Tax does have to be taxing.

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